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00005
HSBC HOLDINGS
HKD
128.2001.200
(0.94%)
1D
High
128.200
Open
126.600
VWAP
127.62
Vol
10.37M
Mkt Cap
--
Low
126.600
Amount
1.32B
EV/EBITDA(TTM)
11.67
Total Shares
--
EV
408.32B
EV/OCF(TTM)
7.88
P/S(TTM)
4.32
HSBC Holdings plc (HSBC) is a banking and financial services company. Its business segments include Hong Kong, UK, Corporate and Institutional Banking (CIB), and International Wealth and Premier Banking (IWPB). Its Hong Kong business comprises retail banking and wealth and commercial banking of HSBC Hong Kong and Hang Seng Bank. Its UK business comprises UK retail banking and wealth (including first direct and M&S Bank) and UK commercial banking, including HSBC Innovation Bank. The CIB segment is formed from the integration of its commercial banking business (outside the UK and Hong Kong) with its global banking and markets business. The IWPB segment comprises premier banking outside of Hong Kong and the UK, its global private bank, and its asset management, insurance and investment distribution businesses. Its customers worldwide through a network covering 58 countries and territories. Its customers range from individual savers and investors to companies, governments and others.
Show More
News
8.5
01-12aastocksJPM Considers HANG SENG BANK Privatization Beneficial for HSBC HOLDINGS
Privatization of Hang Seng Bank: Shareholders have approved the privatization of Hang Seng Bank, leading to its delisting on January 27, which aligns with JPMorgan's expectations despite the earlier completion date.
Positive Outlook for HSBC Holdings: JPMorgan views the privatization as beneficial for HSBC Holdings, allowing for better management guidance on synergies and an improvement in its CET1 ratio.
Market Predictions: Citi has raised HSBC Holdings' target price to $138.3, forecasting a return on tangible equity (RoTE) of 19-20% for 2027-28.
Constructive View on Hong Kong Banking: JPMorgan maintains a positive outlook on the Hong Kong banking sector, highlighting HSBC Holdings and Standard Chartered as top picks due to a strong stock market and recovering real estate market.
4.5
01-09aastocksHSI Rises by 82 Points; KNOWLEDGE ATLAS Soars 20%; MINIMAX-WP Closes 109% Above Its Listing Price
Market Performance: The HSI rose by 82 points (0.3%) to 26,231, with total market turnover reaching HKD245.13 billion. The HSCEI and HSTECH also saw slight increases, closing at 9,048 and 5,687 respectively.
Stock Highlights: Hang Seng Bank and HSBC Holdings both increased by 0.4%, while CKH Holdings surged 3.7% after appointing Goldman Sachs and UBS for a listing. Notable tech stocks like Alibaba and JD-SW experienced gains, while Tencent and Meituan saw declines.
AI-Related Stocks: Stocks related to AI showed significant growth, with Knowledge Atlas jumping 20.6% and XTALPI rising 10.5%. However, Unisound faced a sharp decline of 11.3%.
New Listings: MINIMAX-WP debuted at HKD345, marking a 109% increase from its listing price of HKD165, indicating strong investor interest in new offerings.
4.5
01-09aastocksHSI Rises 8 Points at Midday as KNOWLEDGE ATLAS Jumps Nearly 15%; MINIMAX Sells at 78% Premium Over Listing Price
Market Overview: Hong Kong stocks showed slight gains in the morning session, with the HSI up 8 points to 26,158 and total half-day turnover reaching $135.217 billion.
Stock Movements: HANG SENG BANK rose 0.3% following the approval of its privatization, while HSBC HOLDINGS fell 0.6%. CKH HOLDINGS increased by 1.5% as it sought dual listing support from Goldman Sachs and UBS.
AI-Related Stocks Performance: Several AI-related stocks, including GDS-SW and FOURTH PARADIGM, saw gains of over 3%, while KNOWLEDGE ATLAS surged by 14.9%. Conversely, UNISOUND experienced a significant drop of 9.5%.
IPO Highlights: The IPO MINIMAX-WP saw a remarkable increase of 80.5%, trading at $294, significantly above its initial listing price of $165.
6.5
01-09aastocksCiti Raises HSBC HOLDINGS (00005.HK) Price Target to $138.3, Projects 19-20% RoTE for 2027-28
Citi Research EPS Forecasts: Citi Research has lowered its EPS forecasts for HSBC Holdings for 2025-2027 by 0-1% and introduced a 2028 forecast, primarily due to an anticipated Fed rate cut in 2026.
Market Consensus Comparison: Despite the lowered forecasts, Citi's projections remain 2-9% above the latest market consensus for HSBC's profit before tax, driven by expectations of strong revenue growth, particularly in non-interest income from the Asian wealth sector.
Target Price Adjustment: Citi has raised its target price for HSBC Holdings from HKD 127.8 to HKD 138.3 while maintaining a "Buy" rating, reflecting confidence in the bank's performance.
Return on Tangible Equity Outlook: The research indicates that HSBC Holdings could achieve a return on tangible equity (RoTE) of approximately 19-20% in 2027-2028, supporting the positive outlook on the stock.
8.5
01-09aastocksUBS: Shareholders Approve HSB Privatization Plan, Beneficial for HSBC
Privatization Approval: Hang Seng Bank's privatization proposal from HSBC Holdings has been approved, with the bank set to be delisted on January 27.
Transaction Timeline: UBS anticipates that the privatization will expedite the transaction completion by 4-5 months, with HSBC expected to provide further financial details on February 25.
Market Reactions: Citi has raised its target price for HSBC Holdings to $138.3, predicting a 19-20% return on tangible equity in 2027-28, while UBS maintains a Neutral rating with a target price of GBP10.35.
Short Selling Data: Recent short selling figures indicate a significant amount for both Hang Seng Bank and HSBC Holdings, reflecting market sentiment.
Money Flow
Over the past 66 trading days, overall net money flow is 395.51M, with retail investors contributing 105.61M and major investors adding 235.63M.
Net Buy $ Volume
Net Sell $ Volume
DBS
maintain
$139.2
2026-01-09
Reason
The analyst rating from UBS for HSBC HOLDINGS (00005.HK) is maintained at Neutral with a target price of GBP10.35. The reason for this rating is that while UBS is more positive on the privatization deal involving Hang Seng Bank, they did not alter the ultimate value of HSBC HOLDINGS. This suggests that UBS sees potential benefits from the transaction but does not expect it to significantly change the overall valuation of HSBC in the long term.
DBS
Price Target
$139.2
2026-01-09
maintain
The analyst rating from UBS for HSBC HOLDINGS (00005.HK) is maintained at Neutral with a target price of GBP10.35. The reason for this rating is that while UBS is more positive on the privatization deal involving Hang Seng Bank, they did not alter the ultimate value of HSBC HOLDINGS. This suggests that UBS sees potential benefits from the transaction but does not expect it to significantly change the overall valuation of HSBC in the long term.
Citi Research
NULL
to
Buy
maintain
2026-01-09
Reason
The analyst rating from Citi Research for HSBC HOLDINGS is based on several key factors:
1. Lowered EPS Forecasts: Citi Research has slightly reduced its EPS forecasts for 2025-2027 by 0-1%, primarily due to the expectation of an additional Federal Reserve rate cut in 2026.
2. Higher Revenue Assumptions: Despite the slight decline in EPS forecasts, Citi's projections remain 2-9% higher than the latest market consensus for the company's profit before tax. This is attributed to expectations of strong revenue growth, particularly in non-interest income from the Asian wealth business.
3. Positive Return on Tangible Equity (RoTE): Citi believes that HSBC can achieve a RoTE of approximately 19-20% in 2027-2028, indicating strong profitability potential.
4. Increased Target Price: With the introduction of a 2028 forecast and an extended terminal year in its valuation model, Citi raised its target price for HSBC from $127.8 to $138.3.
5. Reiterated Buy Rating: Given these factors, Citi Research has maintained a "Buy" rating on HSBC HOLDINGS, reflecting confidence in the company's future performance despite the minor adjustments to EPS forecasts.
Citi Research
NULL
to
Buy
Price Target
2026-01-09
maintain
The analyst rating from Citi Research for HSBC HOLDINGS is based on several key factors:
1. Lowered EPS Forecasts: Citi Research has slightly reduced its EPS forecasts for 2025-2027 by 0-1%, primarily due to the expectation of an additional Federal Reserve rate cut in 2026.
2. Higher Revenue Assumptions: Despite the slight decline in EPS forecasts, Citi's projections remain 2-9% higher than the latest market consensus for the company's profit before tax. This is attributed to expectations of strong revenue growth, particularly in non-interest income from the Asian wealth business.
3. Positive Return on Tangible Equity (RoTE): Citi believes that HSBC can achieve a RoTE of approximately 19-20% in 2027-2028, indicating strong profitability potential.
4. Increased Target Price: With the introduction of a 2028 forecast and an extended terminal year in its valuation model, Citi raised its target price for HSBC from $127.8 to $138.3.
5. Reiterated Buy Rating: Given these factors, Citi Research has maintained a "Buy" rating on HSBC HOLDINGS, reflecting confidence in the company's future performance despite the minor adjustments to EPS forecasts.
Citi
maintain
$138.3
2026-01-09
Reason
The analyst rating from UBS is maintained as Neutral for HSBC Holdings (HSBA.L) with a target price of GBP10.35. The reason for this rating is that while UBS is more positive on the privatization deal involving Hang Seng Bank than the market, it did not alter the ultimate value of HSBC Holdings. This suggests that UBS sees potential benefits from the transaction but does not believe it significantly changes the overall valuation of HSBC.
Citi
Price Target
$138.3
2026-01-09
maintain
The analyst rating from UBS is maintained as Neutral for HSBC Holdings (HSBA.L) with a target price of GBP10.35. The reason for this rating is that while UBS is more positive on the privatization deal involving Hang Seng Bank than the market, it did not alter the ultimate value of HSBC Holdings. This suggests that UBS sees potential benefits from the transaction but does not believe it significantly changes the overall valuation of HSBC.
Citi
NULL
to
Buy
maintain
2026-01-09
Reason
Citi has lowered its 2025-27 EPS estimates for HSBC HOLDINGS by 0-1% due to considerations regarding the Federal Reserve's interest rate cut forecasts. Despite this adjustment, the broker maintains a positive outlook, believing that HSBC HOLDINGS can achieve a return on tangible equity (RoTE) of around 19-20% by 2027 to 2028. Consequently, Citi has reiterated a Buy rating on HSBC HOLDINGS and raised its target price from HKD 127.8 to HKD 138.3.
Citi
NULL
to
Buy
Price Target
2026-01-09
maintain
Citi has lowered its 2025-27 EPS estimates for HSBC HOLDINGS by 0-1% due to considerations regarding the Federal Reserve's interest rate cut forecasts. Despite this adjustment, the broker maintains a positive outlook, believing that HSBC HOLDINGS can achieve a return on tangible equity (RoTE) of around 19-20% by 2027 to 2028. Consequently, Citi has reiterated a Buy rating on HSBC HOLDINGS and raised its target price from HKD 127.8 to HKD 138.3.
DBS Group Research
DBS Group Research
Buy
maintain
2026-01-07
Reason
The analyst rating for HSBC HOLDINGS was maintained as "Buy" by DBS Group Research due to an optimistic outlook for the company's FY2026 revenue and earnings growth. This positive outlook is based on three major factors:
1. The downside risk to net interest income is expected to be offset by structural hedging and lower liability costs.
2. Non-interest income is anticipated to maintain strong growth momentum.
3. The capital market in Hong Kong is expected to remain robust, with manageable credit costs and no significant deterioration in commercial real estate credit risk.
Additionally, the broker projects a return on equity of around 16% for FY2026-2027 and expects HSBC to resume its share buyback program, with a total stock return projected to exceed 6% for FY2026. Consequently, the target price for HSBC HOLDINGS was elevated from $113.7 to $139.2, reflecting a predicted FY2026 price-to-book ratio of 1.47x.
DBS Group Research
Buy
Price Target
2026-01-07
maintain
The analyst rating for HSBC HOLDINGS was maintained as "Buy" by DBS Group Research due to an optimistic outlook for the company's FY2026 revenue and earnings growth. This positive outlook is based on three major factors:
1. The downside risk to net interest income is expected to be offset by structural hedging and lower liability costs.
2. Non-interest income is anticipated to maintain strong growth momentum.
3. The capital market in Hong Kong is expected to remain robust, with manageable credit costs and no significant deterioration in commercial real estate credit risk.
Additionally, the broker projects a return on equity of around 16% for FY2026-2027 and expects HSBC to resume its share buyback program, with a total stock return projected to exceed 6% for FY2026. Consequently, the target price for HSBC HOLDINGS was elevated from $113.7 to $139.2, reflecting a predicted FY2026 price-to-book ratio of 1.47x.
BofA Securities
BofA Securities
Neutral -> Buy
upgrade
2025-12-11
Reason
The analyst rating for HSBC HOLDINGS was upgraded from Neutral to Buy by BofA Securities due to the expectation of significant growth in its Hong Kong deposit business and Asian wealth management business. The report highlights HSBC's competitive advantage in these areas and the management's commitment to increasing investment, which is anticipated to enhance the company's market share and overall competitive position. Additionally, the target price for HSBC Holdings PLC was raised from GBX1,160 to GBX1,300, reflecting a positive outlook on the company's future performance.
BofA Securities
Neutral -> Buy
Price Target
2025-12-11
upgrade
The analyst rating for HSBC HOLDINGS was upgraded from Neutral to Buy by BofA Securities due to the expectation of significant growth in its Hong Kong deposit business and Asian wealth management business. The report highlights HSBC's competitive advantage in these areas and the management's commitment to increasing investment, which is anticipated to enhance the company's market share and overall competitive position. Additionally, the target price for HSBC Holdings PLC was raised from GBX1,160 to GBX1,300, reflecting a positive outlook on the company's future performance.
JPMorgan
NULL
to
Overweight
upgrade
$132 -> $138
2025-12-03
Reason
JPMorgan's positive outlook on HSBC HOLDINGS is based on several key factors:
1. Strong Wealth Growth: During a recent financial tour in Hong Kong, JPMorgan observed significant growth in HSBC's wealth management sector.
2. Potential Synergies with HANG SENG BANK: The report highlights potential benefits and synergies that could arise from HSBC's relationship with HANG SENG BANK.
3. Improving Operating Environment: There is an overall improvement in the operating environment in both Hong Kong and the UK markets. This includes:
- Recovery in the Hong Kong residential market.
- Consolidation in the UK market.
- A slightly better situation in Hong Kong's commercial real estate sector.
4. Risk Assessment: JPMorgan believes that the risks associated with Hong Kong's commercial real estate may have peaked, and they anticipate a lower expected credit loss rate for 2026 compared to 2025.
5. Target Price Increase: The broker raised its target price for HSBC HOLDINGS from HKD132 to HKD138 for December 2026, indicating confidence in the bank's future performance.
6. Preference Over Local Banks: JPMorgan expressed a preference for HSBC HOLDINGS and STANCHART over local Hong Kong banks, suggesting a favorable view of their prospects compared to competitors.
Overall, these factors contribute to JPMorgan's "Overweight" rating for HSBC HOLDINGS, reflecting optimism about the bank's growth and stability in the coming years.
JPMorgan
NULL
to
Overweight
Price Target
$132 -> $138
2025-12-03
upgrade
JPMorgan's positive outlook on HSBC HOLDINGS is based on several key factors:
1. Strong Wealth Growth: During a recent financial tour in Hong Kong, JPMorgan observed significant growth in HSBC's wealth management sector.
2. Potential Synergies with HANG SENG BANK: The report highlights potential benefits and synergies that could arise from HSBC's relationship with HANG SENG BANK.
3. Improving Operating Environment: There is an overall improvement in the operating environment in both Hong Kong and the UK markets. This includes:
- Recovery in the Hong Kong residential market.
- Consolidation in the UK market.
- A slightly better situation in Hong Kong's commercial real estate sector.
4. Risk Assessment: JPMorgan believes that the risks associated with Hong Kong's commercial real estate may have peaked, and they anticipate a lower expected credit loss rate for 2026 compared to 2025.
5. Target Price Increase: The broker raised its target price for HSBC HOLDINGS from HKD132 to HKD138 for December 2026, indicating confidence in the bank's future performance.
6. Preference Over Local Banks: JPMorgan expressed a preference for HSBC HOLDINGS and STANCHART over local Hong Kong banks, suggesting a favorable view of their prospects compared to competitors.
Overall, these factors contribute to JPMorgan's "Overweight" rating for HSBC HOLDINGS, reflecting optimism about the bank's growth and stability in the coming years.
BOCI
maintain
$8.83
2025-11-10
Reason
The article does not provide specific reasons for the analyst ratings of the stocks listed. It includes information on short selling amounts, ratios, and projected dividend yields, but does not elaborate on the rationale behind the ratings or any analyst commentary. For a detailed understanding of the ratings, one would typically need to refer to additional analysis or reports from the analysts themselves.
BOCI
Price Target
$8.83
2025-11-10
maintain
The article does not provide specific reasons for the analyst ratings of the stocks listed. It includes information on short selling amounts, ratios, and projected dividend yields, but does not elaborate on the rationale behind the ratings or any analyst commentary. For a detailed understanding of the ratings, one would typically need to refer to additional analysis or reports from the analysts themselves.
Barclays
Barclays
upgrade
2025-11-06
Reason
The analyst rating of Overweight for HSBC Holdings was influenced by Barclays' assessment of a stronger revenue outlook, particularly in net interest income (NII). Additionally, the potential privatization of Hang Seng Bank is expected to benefit HSBC over time. As a result, Barclays raised its underlying EPS forecast and increased the target price for HSBC's London-listed stock.
Barclays
Price Target
2025-11-06
upgrade
The analyst rating of Overweight for HSBC Holdings was influenced by Barclays' assessment of a stronger revenue outlook, particularly in net interest income (NII). Additionally, the potential privatization of Hang Seng Bank is expected to benefit HSBC over time. As a result, Barclays raised its underlying EPS forecast and increased the target price for HSBC's London-listed stock.
UBS
UBS
Neutral
maintain
2025-11-03
Reason
The analyst rating for HSBC Holdings was kept at "Neutral" due to the company's strong 3Q25 results, which included a 9% year-over-year increase in pre-provision operating profit (PPOP) and a 5% rise in revenue. Despite these positive outcomes, the CET1 ratio decreased slightly, and the target price was raised modestly from $103.7 to $108.2. The adjustments in earnings per share (EPS) forecasts were also relatively modest, with increases of 3%, 1%, and 0% for 2025-2027. Overall, while the performance was strong, the rating reflects a cautious outlook.
UBS
Neutral
Price Target
2025-11-03
maintain
The analyst rating for HSBC Holdings was kept at "Neutral" due to the company's strong 3Q25 results, which included a 9% year-over-year increase in pre-provision operating profit (PPOP) and a 5% rise in revenue. Despite these positive outcomes, the CET1 ratio decreased slightly, and the target price was raised modestly from $103.7 to $108.2. The adjustments in earnings per share (EPS) forecasts were also relatively modest, with increases of 3%, 1%, and 0% for 2025-2027. Overall, while the performance was strong, the rating reflects a cautious outlook.
Valuation Metrics
Forward PE
N/A
5Y Average PE
0.80
Current PE
10.78
Overvalued PE
3.63
Undervalued PE
-2.03
Forward EV/EBITDA
N/A
5Y Average EV/EBITDA
0.00
Current EV/EBITDA
0.00
Overvalued EV/EBITDA
0.00
Undervalued EV/EBITDA
0.00
Forward PS
5Y Average PS
2.49
Current PS
3.95
Overvalued PS
2.91
Undervalued PS
2.07
Financials
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